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To: E. Pluribus Unum

Bitcoin is a terminal threat to the Mastercard/Visa skim, too.


Possibly, but the difference is that bitcoin is pretending to be an inherent supply of wealth, while Visa is a service.

It’s easy to get the skim back (and more) with rebates or points.


10 posted on 01/11/2014 9:25:37 AM PST by Atlas Sneezed ("Income Inequality?" Let's start with Washington DC vs. the rest of the nation!)
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To: Atlas Sneezed
It’s easy to get the skim back (and more) with rebates or points.

Not for the merchant.

Look what the banksters did to Walmart when they tried to cut out the Mastercard/Visa skim.

Wal-Mart Defends Its Bid to Enter Banking

There is no reason in the world that Mastercard/Visa should make more profit on a Walmart transaction than Walmart does, other than the greed of the big-government/big-corporate criminal fascist complex.

15 posted on 01/11/2014 10:44:25 AM PST by E. Pluribus Unum (Who knew that one day professional wrestling would be less fake than professional journalism?)
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